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Rivian (RIVN) Shares Skyrocket, What You Need To Know

RIVN Cover Image

What Happened?

Shares of electric vehicle manufacturer Rivian (NASDAQ: RIVN) jumped 6.6% in the afternoon session after a broad market rally fueled by hopes for potential interest rate cuts. The positive sentiment swept through Wall Street, with the S&P 500 and Dow Jones Industrial Average soaring after the head of the U.S. Federal Reserve hinted that rate cuts may be on the way. This news often benefits growth-oriented companies like Rivian, which are sensitive to interest rate changes. Lower rates can reduce the cost of borrowing for capital-intensive expansion and make the company's future earnings appear more valuable to investors, leading to increased demand for the stock.

Is now the time to buy Rivian? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Rivian’s shares are extremely volatile and have had 33 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 18 days ago when the stock gained 3.3% on the news that reports showed the electric vehicle maker's U.S. sales hit a 10-month high in July. The company recorded over 4,200 vehicles sold, which marked a 20% jump from June. This positive sales news arrived just a day before Rivian's second-quarter earnings announcement. Investors also anticipated the financial results, where Wall Street expected the company to post a narrower loss per share and an 11.4% year-over-year increase in revenue to $1.29 billion.

Rivian is down 2.1% since the beginning of the year, and at $12.98 per share, it is trading 23.3% below its 52-week high of $16.92 from May 2025. Investors who bought $1,000 worth of Rivian’s shares at the IPO in November 2021 would now be looking at an investment worth $128.81.

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